in case of joint operations we take our share of assets,liabilities,cost and receipts and than recognise it in our statement of profit and loss.in case of joint venture we take share of net assets. i hope its helpfull.

Qasim – they are very few and far between. At this late date I would personally be brushing up on those areas where I’m already feeling ambivalent – a bit confident but, at the same time, increasingly panicky

If you REALLY want an exam reference, check out the index of an exam kit from a reputable publisher

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